The 'Reserve Bank of India' is headquartered in: MCQ with Answer and Explanation

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The 'Reserve Bank of India' is headquartered in:

A. Mumbai

B. New Delhi

C. Kolkata

D. Chennai

Answer: Option A

Solution (By JKSSB Mock Tests)

The RBI headquarters is in Mumbai.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

The circular economy concept emphasizes:

A. linear production and disposal

B. increasing waste generation

C. unlimited resource extraction

D. reuse, recycling and regeneration of resources

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Correct Answer: Option D

Explanation:
A circular economy emphasizes reuse, recycling and regeneration to minimize waste.

This question belongs to: Economy GK Economy Set 1

Question #2

The concept of 'Social Opportunity Cost' is particularly relevant in the evaluation of:

A. Private investment projects only

B. International trade only

C. Monetary policy only

D. Public investment projects

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Correct Answer: Option D

Explanation:
Social opportunity cost considers the true cost to society of using resources in a particular project and is especially important in the appraisal of public investment projects.

This question belongs to: Economy GK Economy Set 1

Question #3

In an open economy, aggregate demand is given by:

A. C + I + G + (X - M)

B. I + G + M

C. C + I - G

D. C + S + T

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Correct Answer: Option A

Explanation:
In an open economy, aggregate demand is C + I + G + (X - M).

This question belongs to: Economy GK Economy Set 1

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